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furloughs today. the pentagon just announced a news conference at 10:00 a.m. pacific to lay out how these automatic spending cuts will affect our spending. there are about 170 federal civilian workers in california. most of them would be furloughed for up to 22 days. that's equivalent to a 20% pay cut over a six-month period. now, those furloughs would not kick in until april, even if sequestration takes effect next friday. businesses that work for the federal government would also cut back. >> that waiting and failing to spend now is what could lead to unemployment now and difficulties later. . >> reporter: we'll -- we'll take a look at what the long- term effects could be on -- on california -- next. >> thank you. >>> a group that supports same- sex marriage is launching a $is million -- is launching a $1 million campaign featuring clips of president obama, former first lady laura bush, colin powell and former vice president, dick cheney, all expressing support for same-sex marriage. the group says the goal of the tv ad is to show there is bipartisan support for same-sex marriage
is a sequester that goes into effect cutting $85 billion this year. the pentagon notifies congress today of its large-scale furlough plan should those cuts kick in. >>> let's head to wall street. cnbc's jackie deangelis is at the new york stock exchange. good morning. >> good morning, natalie. another day, another cyber attack. this time on apple. authorities believe that the hackers that targeted facebook last week used the same software to attack the mac computers of apple employees. all this, of course, coming on the heels of chrysler, jeep and burger king saying their twitter accounts were hacked. >>> meanwhile it isn't 1999 but investors are sure partying like it is, after nasdaq hit an all-time high. google its stock price topping $800 a share yesterday. natalie? >> all right. jackie at the new york stock exchange, thank you. >>> the vice president is generating some buzz after a facebook town hall chat with parents' magazine and a discussion focusing on joe biden's gun control efforts. he gave frank advice on self-defense. >> if you want to protect yourself, get a double barrel shotgun.
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